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Page 1
August 2007 - Volume 10, Issue 7
PRESIDENT’S MESSAGE
Wow! That’s about all I can say. This market makes me feel like I’m riding the “Beast” roller coaster at Kings Island or something. One moment the Feds are implying they may need to raise interest rates to curb inflation. The next month they decide that an emergency inter-meeting rate cut is needed to stop the market from a free fall. I don’t know about you, but it makes my head spin.
Although our industry has experienced its fair share of bad press lately, we still need to be optimistic and the look at the bright side of things. We could be in for an opportunity to drum up some much needed business in the not so distant future. The 10 year bond has consistently been declining, and all the talk now is of future rate cuts to prevent a recession. If you recall, I hinted towards this possibility in earlier articles, so I hope everyone is ready to take advantage of the situation.
Remember, go back to the basics. Stay in contact with your customer base. Keep them informed of what’s going on right now. Due to the current housing slump and the fact that so many people have adjustable rates getting ready to adjust or amortize, the timing could be good to generate some refinances. You never know when the proverbial pendulum can swing back the other way and change the outlook again. Get in gear and be proactive, and you still may have time to make 2007 a productive year.
FYI
The Membership Committee is requesting that each Office Manager please print a copy of the newsletter for their staff since we are unable to track the staff changes.
2007 DMBA
Calendar
September 6 WCR Boonshoft Center
September 11 Board meeting
September 20 General Membership Meeting
October 3 DMBA Board Meeting
October 4 WCR - Moraine Country Club
October 11 Fox and The Hound Silent Auction
November 1 WCR - Yankee Trace
November 7 DMBA Board Meeting
November 8 Election Night - 2008 Board of Directors - Treasure Island
December 5 Board Meeting
December 6 WCR Holiday Gala and Installation of Officers
December 7 DMBA Holiday Party
PUBLISHING
INFORMATON If there
is any information you would like
to publish in next month’s newsletter,
please contact Holly Hutchison at 937-431-7463
or e-mail
your request to her at Holly.L.Hutchison@SouthernOhioMortgageLLC.com.
UPDATES
TO MEMBER INFORMATION
If you have a change of e-mail address
for DMBA, contact Kathy Eyer at 336-5523
or keyer@woh.rr.com
to update.
